2011 (5) TMI 805

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..... period it was permissible to impose penalties under both the Sections 76 and 78. He further states that the amendment made in the year 2008 is only prospective and has no application for the previous period – Held that:- In view of the fact that the Appellants have already paid the Service Tax amount along with interest and the penalty under Section 78 of the Finance Act, 1994, penalty imposed und .....

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..... lty under Section 76 should be set aside. 3. Heard the learned Departmental Representative Shri A.K.Sharma who states that during the impugned period it was permissible to impose penalties under both the Sections 76 and 78. He further states that the amendment made in the year 2008 is only prospective and has no application for the previous period. 4. After hearing both the sides, I find t .....

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